Goals - Long and Short Term

Before I go too much further, my family's long and short term goals should be stated. With two little kids (both under 2), their future is a priority of ours. We would like to save or invest enough to pay for half of their college expenses (wherever they go). We want to both retire near 55 with no mortgage or other debt. Retiring with $2 million in investments outside of our pensions should be attainable.

Over the next 3-4 years, however, we want to cut our credit card debt to less than 5K while keeping our interest income from savings deposits and bonuses over 5K. Our Roths will be fully funded and we will gain a full 100 share position in our first blue chip stock and begin on our second. Both cars will be paid off, we will increase our equity, and dig ourselves out from under Sallie Mae.

These are just a few of each, as others may present themselves or some may turn out to be less important.